I agree with Kay.
What good are six properties going to do you when you get $30 a week out of them, if there is a bust you can`t sell maybe for ten yrs in order to get any gain.
Anyone thinks this is a joke look at history once the boom stops it may not move up again for a long time, I know many are saying for instance Brisbane may still go up 25%…[Read more]

I`ve lived in Qld for 30 years and have never heard of it!, shouldn`t be to hard to find out though.

Hi Richmond, one of the rehabbers I recently bought is in Park Avenue, and I think we both know prices will continue to climb for a while yet, like I said I only bought mine a month ago and the previous owners paid more than I did…ten yrs ago!, there are still many bargains there.

quote:
Hi markpatrick,
I would love you to elaborate on you comment “North of Brisbane is going to explode in the future, plenty of opportunities, why?….the weather and the lifestyle and the room to breathe.
All other areas will come second in the near future imo.”

We are currently trying to learn all we can about Steve’s approach and are…

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quote:
Hi Yack,
Your theory, I already did it for many years.
It works.

[8D]
Julian

I find this comment a bit misleading, of course if you had done it before the boom it would work, anything would have!, it was easy to find + CF properties, but could you do the same now, with the same success…absolutely no chance!.

Also I have met many landlords throughout my years in the painting business and it is only a select few that would recommend it, most lost big dollars and had to slave for years to do it!.

You are assuming a lot who says the property will appreciate in value and without even any renovation?, this method could realistically take twenty years and even then you might make nothing, who knows. You can say who cares I am CF+ but is it worth the effort at all if it`s a pittance for all your risk and you have to spend all your efforts on…[Read more]

I have in the past renovated a home with a family of six living there, you see I`m a painter so I have done this for 20 yrs.
I let them live there rent free while I`m doing it, only takes 2 to 3 weeks intensive work, and I`m there every day to make sure they are happy as possible, I wouldn`t recommend it, it`s only that I am used to dealing with…[Read more]

Thanks for the replies!.
No it wasn`t Rockhampton I was referring to, I thought someone might have an experience with zoning issues. I have talked to the council.
The house I bought which is in a supposed flood area has never actually been affected by a flood, the land was though once back in `42, but houses with the same zoning and flood levels…[Read more]

I just want to clear up my business is buy rehab sell within a year I do not know if I would hold any properties longterm, so the flooding issue I suppose is not as big an issue for me.
I like the prospects for quick profit over the next 1 to 2 yrs.

Even the flood area houses are only marginally cheaper than those that aren`t, at the end of the day if Rocky doubles it will make very little difference.
I personally stayed away from those because I could, but right now I think if I had the money I`d buy up.

I have thought of everything believe me I have been into R/E investing way before this boom came along and have predicted almost to the dollar the increases in the areas I look at, if only I had more money to invest!.
The reason I didn`t do what you mention was purely personal reasons, I have put my money into a ten acre block which is my dream…[Read more]

Terry I disagree some regional areas are going through some major roadworks and where they are placed makes them the perfect investment imo for CG or CF.

Guys if you cant find tenants the home is worthless unless you want to live there.
It could easily cost you money and headaches with little prospects of CG.

quote:
house 1

1) When you purchased your investment?
may
2) How much you paid for it?
27,300
3) What structure is the investment
buy and hold
4) What is the weekly gross rent
110
5) What your net Cash Flow is
115 per week minus $11 per week management and
$1300 per annum rates and insurance.

house 2

1) When you purchased your…

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Thanks Andrew but I don`t really want to kick them out, just don`t want to get into problems with lawsuits etc.
What go around comes around imo, I like to give people the benefit of the doubt and a little leeway since I`m now in the position to.

Guys, is the NZ population growing or diminishing?.

This is lightyears from what I do.
Could come unstuck buying properties in Melb or Sydney right now this is common knowledge.
I would even be suspect about inner Brisbane right now.
North of Brisbane is going to explode in the future, plenty of opportunities, why?….the weather and the lifestyle and the room to breathe.
All other areas will come…[Read more]

No I won`t have the property in five years.
I am expecting to rehab the house and know this will bring around $60,000 profit, that to me is worse case, it`s very possible I could make much more from the value of the land only.
I never buy houses long term but I am now considering it, usually I rent my houses rehab them and resell within a year.
I…[Read more]

I don`t have any bond yet but rent is being paid tommorrow.
There has been no rental agreement written up as yet with the agent as far as I know.
The property is around 4 hours drive from my place and I will be going tommorrow to try and get things sorted out.
Could happen to anyone I guess, I mean you can hardly turn someone away on account they…[Read more]